Metaverse Dualchain Network Architecture (DNA) is a DEX and a parallel blockchain of Metaverse ETP, a decentralized platform for digital assets and identities. The Metaverse DNA platform aims to employ DNA tokens to bridge the gap in inter-blockchain communications. The primary goal of Metaverse DNA is to provide quicker transaction speeds with lower transaction fees and allow more information to be stored on-chain.
Metaverse DNA network plans to use a delegated proof of stake as consensus mechanism. A delegated Proof of Stake (DPoS) is a consensus mechanism that gives the token holders the authority to vote for various delegates by spending their coins. Using the DPoS mechanism, the metaverse DNA ensures the users faster block times with fair and transparent ways to reach consensus.
The metaverse DNA platform employs a node system consisting of three different nodes:
Child Nodes- Delegates staking power to regular nodes.
Regular Nodes – Confirms the blocks, returns the block rewards, and also can elect supernodes.
Super Nodes – Votes on proposals and upgrades on the network.
According to its website, the participant nodes can experience faster transactions and fee benefits.
DNA token is the native token, which Metaverse DNA plans to use across the network for platform-based applications. Apart from prioritizing interoperability with DNA tokens, the platform intends to create real-time performance improvements to the existing platform.
Interoperability is the capability of blockchains to communicate and easily transact with each other without restrictions. The platform also plans to distribute DNA tokens as ‘bounty rewards’ for community participation.
Metaverse DNA aims to employ DNA tokens in DNA Global Ambassador, a program that encourages community participation.
History of Metaverse Dualchain Network Architecture (DNA):
Metaverse DNA (DNA) is a parallel blockchain of Metaverse Foundation, formed in 2019. The team members of Metaverse DNA include Eric Gu, founder and CEO of Metaverse Foundation, and Alex Lightman, its global strategy advisor.